[SINGAPORE] Private members’ club 1880 suddenly announced its permanent closure effective Tuesday (Jun 17), with its holding company 38 Degrees and operating company 1880 Pte Ltd placed into provisional liquidation. This follows the abrupt closure of its Hong Kong branch on May 30. It was also building a six-storey beachside hotel in Bali that never…
Starleaton has announced an online closing down sale of its machinery after the company was placed in liquidation last week. “After 45 years in the print, signage, and graphics industry, Starleaton is closing down,” the company said in an email promotion. “This is your final chance to secure premium brands and quality products at unbeatable…
Directors of direct-to-consumer (D2C) homecare company Kuber Industries have filed an insolvency plea against rollup ecommerce platform GlobalBees for unpaid dues worth Rs 65 crore. In a stock exchange filing, GlobalBees’ listed parent, FirstCry, said that Ashutosh Garg, Paritosh Garg and Manju Agarwal have petitioned the New Delhi bench of the National Company Law Tribunal…
Queensland-based grain trading company enters liquidation according to GTA Farm Online Read the original article here
Travel company ends in bankruptcy, cancels tours and trips TheStreet Read the original article here
The Principal Bench, National Company Law Appellate Tribunal (NCLAT), New Delhi, has dismissed Indian Bank’s appeal challenging the NCLT’s rejection of its application filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), seeking to initiate personal insolvency proceedings against Anjanee Kumar Lakhotia, former director of MBL Infrastructure Ltd. The appeal arose from an…
Audio-visual technology supplier and distributor ActiveVision NZ has gone into liquidation after an attempt to reach a compromise with creditors appears to have failed or been abandoned. According to a document posted to the Companies Office, the company owed around $1.2 million after proposing a deal whereby creditors would receive 70% of what they were…
[WASHINGTON] Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into bankruptcy just long enough to slash billions of US dollars in debt, according to sources familiar with the plan. The company will soon announce a deal with lenders for a so-called prepackaged bankruptcy,…
An EY-backed resolution professional (RP) has filed lawsuits at the National Company Law Tribunal (NCLT) claiming former Byju’s directors owe compensation to the company for fraudulent transfers of the company’s assets, according to people familiar with the matter. The lawsuits invoke a provision under the Insolvency and Bankruptcy Code which provides legal recourse to reverse…
Gregor Heard is ACM’s national grains industry reporter, based in Horsham, Victoria.He has a wealth of knowledge surrounding the cropping sector through his 15 years in the role.Prior to that he was with the Fairfax network as a reporter with Stock & Land.Some of the major issues he has reported on during his time with…